Volumetric Video Systems Market: Current Analysis and Forecast (2024-2032)
Emphasis on Volumetric Capture (Hardware, Software, and Service), By Content Delivery (Projectors, AR/VR HMDs, Smartphones, and Volumetric Display), By Application (Sports, Event, & Entertainment, Medical, Education & Training, Signage & Advertisement, and Others); Region/Country
Volumetric Video Systems Market Size & Forecast
The Volumetric Video Systems Market was valued at USD 3.2 Billion in 2023 and is expected to grow at a strong CAGR of around 29% during the forecast period (2024-2032). This growth is attributed to the increasing prevalence of augmented reality (AR) and virtual reality (VR) platforms. Volumetric video systems are increasingly integrated with AR and VR platforms, enhancing the realism and immersion of AR/VR experiences. This integration enables compelling storytelling, training simulations, product demonstrations, and virtual tours, driving demand for volumetric content.
Volumetric Video Systems Market Analysis
Volumetric video systems are technologies used to capture, store, and display three-dimensional representations of real-world objects or environments. Unlike traditional video, which captures scenes from a fixed perspective, volumetric video systems record spatial data from multiple viewpoints, allowing viewers to interact with the content from various angles. There is a rising demand for immersive content experiences across multiple industries, including entertainment, gaming, education, and marketing. Volumetric video systems offer a more immersive and interactive way to engage audiences than traditional video formats, driving their adoption.
Insights on Volumetric Video Systems Market Segmentation
The Volumetric Video Systems market is segmented into Software, Hardware, and Services based on volumetric capture. In 2023, the hardware segment held the dominant share of the market. This is mainly due to the increasing demand for advanced hardware components that capture high-quality volumetric video content. For instance, companies like Intel have developed depth-sensing cameras and other specialized hardware solutions tailored for volumetric video capture, driving the growth of this segment.
By content delivery, the Volumetric Video Systems market is segmented into Projectors, AR/VR HMDs, Smartphones, and Volumetric Display. The AR/VR HMDs segment held the dominant share of the market in 2023. This can be attributed to the growing adoption of augmented reality (AR) and virtual reality (VR) technologies across various industries. Companies like Oculus (owned by Meta Platforms, formerly Facebook) and HTC Vive are leading the charge in the development and commercialization of AR/VR HMDs, fueling the demand for volumetric video content compatible with these devices.
By application, the Volumetric Video Systems market is segmented into Sports, Event, & Entertainment, Medical, Education & Training, Signage & Advertisement, and Others. The Signage & Advertisement segment held the dominant share of the market in 2023. This underscores the increasing use of volumetric video technology in digital signage, advertising campaigns, and brand promotions. For instance, companies like Light Field Lab are developing large-scale volumetric displays for immersive advertising experiences in retail spaces and public venues.
North America held a dominant share of the market in 2023
North America dominated the market landscape in 2023, driven by the presence of key players, technological advancements, and high levels of consumer adoption. Companies like Microsoft (with its Mixed Reality platform) and Magic Leap are leading the charge in North America, driving innovation and market growth in the region
Volumetric Video Systems Industry Overview
The Volumetric Video Systems market is competitive and fragmented, with several global and international market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions. The major players operating in the market are 4Dviews, 8i, Alphabet Inc., Sony Corporation, Unity Technologies, Microsoft Corporation, Intel Corporation, The Coretec Group, Evercoast, and Mark Roberts Motion Control (MRMC).
Volumetric Video Systems Market News
In January 2023, Unity Technologies and Google LLC announced a partnership to accelerate live game growth and advancement within their respective ecosystems. The collaboration between Unity Technologies, a renowned platform for real-time 3D (RT3D) content creation and enhancement, and Google LLC focuses on simplifying the process for developers to create multiplayer experiences.
In August 2022, Unity Technologies partnered with Mercedes-Benz Group AG. The Unity Technologies engine will power the infotainment segment of the Mercedes-Benz operating system. This integration is scheduled for deployment in initial vehicle models starting in 2024. Mercedes-Benz utilizes Unity Industrial Collection to design the user interface (UI) for the in-car cockpit, encompassing various applications.
Volumetric Video Systems Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global Volumetric Video Systems market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Volumetric Video Systems Market Analysis (2024-2032)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global Volumetric Video Systems market were the three major steps undertaken to create and analyze the adoption of Volumetric Video Systems in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Volumetric Video Systems market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Volumetric Video Systems market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Volumetric Video Systems market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as Volumetric Capture, Content Delivery, and Application. Further country-level analyses were conducted to evaluate the overall adoption.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Volumetric Video Systems market. Further, we conducted factor analysis using dependent and independent variables such as Volumetric Capture, Content Delivery, and Application of the Volumetric Video Systems market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Volumetric Video Systems market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Volumetric Video Systems market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2032 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the Volumetric Video Systems market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global Volumetric Video Systems market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Volumetric Video Systems market. Data was split into several segments and sub-segments after studying various parameters and trends in the areas of Volumetric Capture, Content Delivery, and Application in the global Volumetric Video Systems market.
The main objective of the Global Volumetric Video Systems Market Study
The current & future market trends of the global Volumetric Video Systems market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the Volumetric Video Systems market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
- Segments in the study include areas of Volumetric Capture, Content Delivery, and Application.
- Define and analysis of the regulatory framework for the Volumetric Video Systems
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the Volumetric Video Systems market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the Volumetric Video Systems market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
Frequently Asked Questions FAQs
Q1: What is the current market size and growth potential of the Volumetric Video Systems market?
Q2: What are the driving factors for the growth of the Volumetric Video Systems market?
Q3: Which segment has the largest share of the Volumetric Video Systems market by Volumetric Capture?
Q4: What are the emerging technologies and trends in the Volumetric Video Systems market?
Q5: Which region will dominate the Volumetric Video Systems market?
Related Reports
Customers who bought this item also bought
Emotion Detection and Recognition Market: Current Analysis and Forecast (2021-2027)
Emphasis on Technology (Feature Extraction & 3D Modeling, Biosensors, Natural Learning Processing (NLP), and Others); Software Tools (Facial Expression & Emotion Recognition, Gesture & Posture Recognition, Voice Recognition); Application Area (Marketing & Advertising, Law Enforcement, Surveillance & Monitoring, Entertainment & Consumer Electronics, Others); Region/Country.
November 15, 2022
Generative AI Cybersecurity Market: Current Analysis and Forecast (2024-2032)
Emphasis on Deployment (On-Premise, Cloud-Based, Hybrid); Technology (Generative Adversarial Networks (GANs), Variational Autoencoders (VAEs), Reinforcement Learning (RL), Deep Neural Networks (DNNs), Natural Language Processing (NLP), Others); Application (Network Security, Endpoint Security, Cloud Security, Application Security, Others); End-User (Banking, Financial Services, And Insurance (BFSI), Healthcare, Retail, IT & Telecom, Government and Defense, Energy and Utilities, and Others); and Region/Country
November 4, 2024
